Tesla reports 1.1% sales drop for 2024, first annual decline in at least 9 years

Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by JumpCrisscross on Thursday January 02, 2025 @01:03PM (#42576866)

> don't think Tesla can get rid of Musk

They can't and they shouldn't. Tesla has a solid business. It just looks like it may have capped out its growth prospects in the U.S. and Europe. (In vehicles.)

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by KerrAvon on Thursday January 02, 2025 @03:56PM (#42578791)

Tesla is certainly a solid memestock. It’s hard to say whether they have a solid business. If they dumped Musk, the stock would crash and they would have to install competent governance instead of continuously gaming the system. But that would be a better outcome for consumers.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by FireBeyond on Friday January 03, 2025 @01:16AM (#42583047)

They have a solid business. It's just not the world-changing fantastic future that Musk talks a big game about. That's fine. But "solid business" is not what has manufactured Tesla's ridiculous market cap.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by davidw on Thursday January 02, 2025 @05:26PM (#42579641)

If Tesla's valuation reflected its value as a regular car company like, say, Toyota, it would be vastly lower. Shareholders would lose oodles of money.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by wqaatwt on Friday January 03, 2025 @02:42AM (#42583486)

And it seems to US/European companies will ever be able to compete in China again. So what’s left?

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